As most people accept, Ireland’s excpetionally LOW corporation tax rate has been integral to attracting FDI and it is an excellent idea for a country to keep tax on business as low as possible. With the Irish economy staggering from crisis to crisis, comes this news….
The leaders of France and Germany have called jointly for eurozone countries to have common corporation and financial transaction taxes. The tax policy would apply only to the 17-member eurozone. France has long complained about Ireland’s low corporation tax rate of 12.5%.
Since Merkozy call the shots these days, and since they clearly seek to end Ireland’s advantage in this area, where to how for Enda and the gang?